Mastercard MOU
We started the year on a fantastic note with the historic signing of a Memorandum of Understanding (MOU) with MasterCard on 26 January. This collaboration will have far-reaching benefits for our informal traders, as well as small to medium-sized enterprises, making for more inclusivity in the informal trading sector. Local businesses will enjoy digitisation that keeps operating costs down while attracting new customers. One example is the Tap on Phone app which turns a phone into a mobile point-of-sale (mPOS) device – meaning cashless transactions for all traders. You can find out more about the MasterCard MOU benefits in our dedicated press release.
